Seven years of extraordinary fiscal and monetary stimuli are proving ineffective towards achieving the growth and inflation targets laid out by the Federal Reserve. The Consumer Price Index (CPI), the Producer Price Index (PPI) and Gross Domestic Product (GDP) have...
Gold Editorials & Commentary
October 27, 2015
Everybody who's owned gold and silver mining shares through a couple of cycles has their favorite story of the stock that took off and ran away. There was Glamis Gold, which rose from $1 to $40 in the space of a few years before selling out to Goldcorp. And Silver...
In my two “Gold Is Not Money” posts (HERE and HERE) I explained why it is not correct to think of gold as money these days, and in a subsequent post I explained why it was not correct to view gold as an economic constant (there is no such thing as an “economic...
October 26, 2015
"The clear and present danger is, instead, that Europe will turn Japanese: that it will slip inexorably into deflation, that by the time the central bankers finally decide to loosen up it will be too late." ~ Paul Krugman, "The Euro: Beware of What you Wish for",...
Last Thursday I had the pleasure of attending an intensive daylong ETF conference in Austin, just up the road from our office in San Antonio. Hosted by Cantor Fitzgerald, the conference was designed for institutional investors.
The usual suspects in the gold bug and perma-bull camps got their panties all wet last week when the yellow metal briefly set a four-month high of $1184 per ounce. Of course when the price backed off a bit, the conspiracy theorists immediately played their trump...
The charts below show that the recent rally is just fodder for the beast. Prior to the last FED meeting on September 17, I warned of an impending sell-off due to the FED's statements. The S&P500 fell from a high of 2020 to a low of 1871 in 8 trading days or...
As expected Gold has been breaking out of its triangle formation and quickly pushed higher. So far $1,191 has been the high of this move - still way below my target at $1,237. Unfortunately during the last seven trading days the bullish momentum has been slowly...
Gold traders are maintaining their bullish calls on the precious metal for the third week in a row. Of the 24 traders surveyed by Bloomberg, 13 hold a bullish outlook on gold. Gold got a boost this week as China announced further interest rate cuts and the ECB re-...
I have some free time tonight and the better part of the day tomorrow to post a few charts before I have to catch my flight home on Tuesday. I just want to thank you again for your patience. Let’s take a quick look at the daily INDU chart I posted on Wednesday that...
As hinted at here since the DJIA held at and started to bounce off 16000, recovery to 18000 must have a very high priority as a signal for the man on the street that the US economy is really healthy. Thursday and Friday saw a substantial 480 point jump in the DJIA...
More and more institutions are trying to make it harder for you to move your money into cash. Globally, over $5 trillion in debt currently have negative yields in nominal terms, meaning the bond literally has a negative yield when it trades. In the simplest of terms...
Michael J. Kosares has over 40 years’ experience in the gold business. He is the founder and executive director of USAGOLD (both the website and gold brokerage service), the author of three books on the gold market, and the editor of "News & Views," the firm's...
October 25, 2015
We believe the stock market has started a massive Bear Market that could last many years. The top arrived for the Industrials in May 2015. Since then, a new Primary Dow Theory Bear Market Signal was generated.
"What's up, Doc?" Try the Dollar, the Stock Market ... and Gold. Who knew? Surely such positive correlation amongst these three specific markets is a phenomenon not normally found in nature. But on the heels of our having noted a week ago how un-October-like things...
For stock-market bears; in the years following 2009 watching the market on a daily basis has been much like watching paint dry. But just as paint does eventually dry, this market will resume the crash it began in Oct 2007.
October 24, 2015
Markets were tricky this week until we saw strength emerge Thursday on the back of a few large leading companies reporting good numbers and soaring to new heights. We were seeing weaker numbers from many companies and poor action after earnings, which kept markets...
There are far bigger concerns about which Americans remain woefully unaware, even within the Precious Metals community. How much demand there is for silver coins, how low is the supply for silver in contradistinction to an insatiable demand, China supposedly to set...
‘It’s all about the Fed’ is about the most typical soundbite on Wall Street these days. If you expanded on that then few macro analysts would argue that this can be usefully expanded to ‘It’s all about the major global central banks, that is the Federal Reserve,...
Gold sector is on major sell signal. Cycle is up. A tradable bounce is in progress but upside should be limited. Silver is on a long term sell signal and investors should be in cash or short. Short term is on buy signal and traders can play for a corrective bounce....
October 23, 2015
We published a video update a few days ago discussing the short-term outlook for the precious metals sector, which includes the gold miners. With regards to the miners, we took the view that they could digest recent gains and hold support or break lower and trade...
Market Technical Analysis via videos
Market action on Thursday lifted in to the High Probability Target Zone published in TRIGGER$ on October 1st.
We will no doubt look back upon the current era as the "crime of the century" for so many different reasons. Actually, current times represent the worst financial crimes of ALL TIME! The various crimes and how they are operated are too numerous to list and would...
My two “Gold Is Not Money” articles provoked numerous disagreeing responses, the majority of which were polite and well-meaning. Despite presenting various arguments, these responses had one thing in common: they did not offer a practical definition of money that...
John Butler was interviewed by Mark O’Byrne about gold and the vitally important but little covered aspects of investing in gold such as – higher allocations, how to geometrically dollar cost average, re-balancing gold and of course geographic diversification and...
October 22, 2015
It’s hard to say which lie about gold is the biggest whopper. Many widely held beliefs about gold are lies – propaganda hammered home to have us believe the only true measure of wealth is government-issued debt. Big Lie #1: Gold is a barbarous relic.
Many short sellers of Weight Watchers no doubt felt too down to look in the mirror this week after company stock unexpectedly ballooned nearly 170 percent.
There are signs that the US dollar, instead of consolidating the sharp rise that peaked last March, might be reversing its previously rising trend. Certainly, a weakening dollar fits with the Federal Reserve Board deferring attempts to raise interest rates from the...
Suppose you plan to buy gold, hold it 10 years, and sell it at the end. Is it more cost-effective to buy physical metal, store it, and sell it at the end? Or are you better off buying futures? It’s easy to calculate the cost of physical metal. If you buy at $4 over...
